145 Garden Street, Portland VIC 3305

Dual occupancy on large block | separate garages each unit | Portland central schools | unverified features require due diligence This property presents a dual occupancy configuration on a substantial 874m² allotment, a structural rarity in Portland that creates immediate rental income potential or multi-generational living flexibility without subdivision. The setup of two fully self-contained residences, each with a garage and living areas, positions it uniquely for an investor seeking dual rental streams or an owner-occupant leveraging a tenant to subsidise mortgage costs. Its location within catchment for primary and secondary government schools anchors its appeal to family demographics, while the extended time on market suggests a pricing or presentation disconnect that a disciplined buyer could exploit. This property serves a strategic buyer capable of capitalising on its inherent duality, not a purchaser seeking a straightforward single-family home. Proceed with the explicit understanding that key features are unverified and the listing status is conflicted, signalling a need for immediate legal and building due diligence to confirm the dual occupancy’s compliance and condition. The commercial opportunity lies in acquiring a property with a built-in secondary income unit at a price point that may not fully reflect that premium, provided due diligence clears. The judgment call is to treat this solely as a value-add proposition; if verification uncovers issues, walk away, but if the dual setup is lawful and sound, it represents a cashflow-positive holding with superior long-term land bank utility. Recent comparable sales data is contained within the provided Statement of Information. Analysing these comparables is essential to test the asking price against verified market evidence, establishing whether the listed price accurately reflects the premium for its dual income configuration or sits at a discount to be leveraged.